| Rating: 0 | | | Total Hits - 9 | | | | Rare Earth Opportunity Fund is using a De-Fi and blockchain based technology to bring about a paradigm change in Rare Earth Elements exploration and refining.
A lot of readers may ask the question “what are rare earth elements” or “where are they used” or “how does it impact me” or “how does it impact the global power structure.
To answer all of these questions and even more we''re coming out with a series of short articles and this is the first article of the series.
What are Rare Earth Elements?
Rare earth elements are a group of seventeen chemical elements that occur together in the periodic table (see image). The group consists of yttrium, scandium and the 15 lanthanide elements (lanthanum, cerium, praseodymium, neodymium, promethium, samarium, europium, gadolinium, terbium, dysprosium, holmium, erbium, thulium, ytterbium, and lutetium).
Sixteen of these occur in nature and are typically found in varying proportions in the same ore deposits. Also called rare earth metals, they are used to produce a range of sophisticated technological products such as nuclear reactor components, cell phones, magnets, camera lenses, and batteries.
In this section we''re giving you and overview of element wise use of Rare Earth Elements. In the next series we will explore their uses in details.
Rare Earth Metals Market size was valued at around USD 14 billion in 2019 and will reach USD 25 billion by 2026 CAGR of 20% per annum. We can reach a m-cap of $100 billion within 4 years based on the current market trends of Rare Earth Elements. | | | https://rarx.io/ | Last Updated on 6/23/2021 7:13:00 AM |
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